
Ethereum futures volume surpasses Bitcoin for first time amid 5 month high
Ethereum’s daily futures trading volume exceeded Bitcoin’s for the first time on July 10, a landmark development that coincided with the asset’s price testing the $3,000 level. The technical flip in the derivatives market indicates a potential shift in trader sentiment and capital allocation, lending credence to narratives of a changing market structure. Data from Glassnode showed that 24-hour Ethereum futures volume reached $62.1 billion, surpassing Bitcoin’s $61.7 billion. The ratio of ETH to BTC futures volume surged past parity, demonstrating that traders are, for the first time, speculating on and hedging with Ethereum at a scale comparable to Bitcoin.…








